Credit Suisse Sticks to Their Sell Rating for Juniper Networks

In a report released today, Sami Badri from Credit Suisse maintained a Sell rating on Juniper Networks (NYSE: JNPR), with a price target of $21. The company’s shares closed yesterday at $26.86.

Badri observed:

“We view this as a recent indicator that the SP routing market continues to see challenges as carrier CapEx visibility remains an issue for routing equipment vendors.”

According to TipRanks.com, Badri is ranked 0 out of 5 stars with an average return of -6.7% and a 17.2% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Motorola Solutions, Ubiquiti Networks, and CommScope Holding.

Currently, the analyst consensus on Juniper Networks is Hold and the average price target is $26.78, representing a -0.3% downside.

In a report issued on May 3, J.P. Morgan also initiated coverage with a Sell rating on the stock with a $24 price target.

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Based on Juniper Networks’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $34.4 million. In comparison, last year the company earned revenue of $1.22 billion and had a net profit of $109 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.

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Juniper Networks, Inc. engages in the design, development, and sale of products and services for high-performance networks. Its products address network requirements for global service provides, cloud providers, national governments, research and public sector organizations, and other enterprises.